RegTech Provider Compliance.ai Announces $6 Million Investment, New CEO

Today, RegTech provider Compliance.ai announced it has secured $6 million in funding from existing investor Cota Capital and new investor JAM FINTOP. The new investment comes two years after the company also secured $3 million from Cota Capital in a November 2020 Series A funding round.

In addition to the new capital injection, Compliance.ai also announced that it has appointed Asif Alam as its new CEO, replacing former CEO and co-founder Kayvan Alikhani, who will now serve as the company’s Chief Product/Strategy Officer. Prior to joining Compliance.ai, Alam was the Chief Strategy Officer at AI document software provider ThoughtTrace, which was acquired by Thomson Reuters in May 2022.

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